The Taiwan government is recognizing and assisting smaller but high-performance companies to help them reach their potential. As part of its effort to revitalize the economy, the Taiwan government has been seeking to identify – and then encourage and assist – small or midsized companies that have unique, internationally competitive products or services. The aim…

    Proposed legislation would require religious foundations to establish internal financial auditing systems. Earlier this year, the Buddhist Compassion Relief Tzu Chi Foundation, Taiwan’s largest and arguably most revered charity organization due to its efficient response at times of natural disasters, quite unexpectedly found itself under heavy attack by the domestic media and netizens over the…

GDP Growth Plummets on Falling Exports Economics is surely an inexact science, as indicated by the massive recalculation currently going on for Taiwan’s GDP growth forecasts for 2015. On August 14, the Directorate-General of Budget, Accounting and Statistics (DGBAS) slashed growth forecasts for the year from the 3.75% announced at year’s start to just 1.56%….

Photo: Taiwan Tourism Bureau

Tainan (the place name simply means “south Taiwan”) is already well known to tourists because of its fabulous temples, fascinating fortresses, and delicious street food. When the summer rains cease and daytime temperatures sink from the 30-plus degrees Celsius (86-plus degrees Fahrenheit) that characterize its hot season, Taiwan enters what many consider to be the…

Photo: CNA

Former president Lee Teng-hui placed himself once more at the center of controversy with remarks that referred to Japan, former colonial master of Taiwan, as his “motherland” when he was a young man. In an article for a Japanese-language publication, Lee noted that both he and his brother volunteered for the Japanese Imperial army during…